HomeMy WebLinkAboutCity Council Resolution 1989-051CITY OF PLYMOUTH
Pursuant to due call and notice thereof, a rPv.,Tnr meeting of the City Council of
the City of Plymouth, Minnesota was held on the 93rA day of T-qn.,nr* ,
1989. The following members were present: Mavnr grbnPidPr#.n n ilmPmhPrc V -Ag ,
Ricker and Sisk
The following members were absent: Councilmember Zitur
Councilmember Sisk introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 89-51
REDUCING DEVELOPMENT BOND
DEERWOOD GLEN PLAT TWO (87010 FKA 86084)
WHEREAS, in accordance with the development contract dated March 16, 1987, Wiswell
Estates, Inc., and International Development, Inc., developer of Deerwood Glen Plat Two
(87010 FKA 86084), has agreed to install certain improvements for said development; and
WHEREAS, the developer has completed a portion of the street, utility and site grading
as noted below; and
WHEREAS, the developer has requested a reduction of the development bond to reflect the
completed work;
NOW, THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF THE CITY OF PLYMOUTH,
MINNESOTA; that the bonding requirements are reduced as follows:
Street Construction
Sanitary Sewer
Watermain
Storm Sewer
Boulevard and Drainage Swale Sod
Pond or Ditch Construction
Street Signs
Site Grading and Drainage Improvements
Park and Trail Improvements
Design, Administration, Inspection, As-Builts
TOTAL
$ 77,200
$ -0-
42,900
-0-
43,400
-0-
15,500
-0-
6,800
6,000
-0-
-0-
300
-0-
See Grading
Permit #4474
-0-
-0-
22.332
720
$ 208,432 $ 6,720
That the letter of credit required for the above items be reduced as detailed above
from $15,366 to $6,720 to reflect the completed work.
Resolution No. 89-51
Page Two
FURTHER BE IT RESOLVED that the bonding requirements for the following items per
Section 8.1 of the approved development contract be reduced as follows:
V41441.1
ORIGINAL AMOUNT NEW AMOUNT
Maintenance of Erosion
and Sediment Control Plan
Street Sweeping and Storm -
Sever Cleaning * Cash: $-0- $-0-
Letter of Credit: $-0- $-0-
*See Grading Permit No. 4474
FURTHER BE IT RESOLVED that the street construction and concrete curb and gutter is
accepted for continual maintenance as of January 23, 1989 subject to the One Year
Guarantee by the Developer.
The motion for the adoption of the foregoing Resolution was duly seconded by
Councilmember Vasiliou , and upon vote being taken thereon, the following voted
in favor thereof: Mayor Schneider. Councilmembers Vagllimi, Rirkpr and gitak ,
The following voted against or abstained: None
Whereupon the Resolution was declared duly passed and adopted.